Memory Care Communities in Malden, Massachusetts

Memory care in Malden costs an average of $399 a month more than the Massachusetts state average, and both the city and state numbers are significantly higher than the national average cost of $5,625 a month. Compared with other Massachusetts cities, however, Malden's prices are more competitive. Seniors pay an average of $8,750 a month for memory care in Barnstable and $7,106 in Worcester. Springfield costs less, on average, at $6,310 a month, while Pittsfield memory care rates are as low as $2,605.

Note: Residential memory care is usually offered in assisted living facilities, and in general, memory care rates tend to be 20-30% higher than assisted living rates. No national database currently tracks memory care costs in the United States, so we've estimated the monthly memory care costs listed below by adding 25% to the rates listed in Genworth's 2021 Cost of Care Survey.

Seniors in Malden pay an average of $8,524 a month for memory care. This average rate varies by facility, location and amenities provided. 

While many families use their own funds or personal assets to pay for memory care, there are plenty of additional options to cover these costs. Some additional ways to finance memory care costs include:

• Veterans Benefits
• Life Insurance Policy
• Long-Term Care Insurance
• Reverse Mortgage

For more information about different ways to finance memory care, visit our Memory Care in Massachusetts page.

Seniors who need less care than a memory care facility provides might be able to save costs with a less intensive senior care option. In Malden, in-home care costs $6,292 a month, while home health care costs $6,244. Assisted living rates average $6,819, while adult day health care is just $1,614. Care services at a nursing home cost somewhat more, with semiprivate rooms in Malden averaging $13,155 a month.

Memory care communities in Massachusetts are licensed and regulated by the Executive Office of Elder Affairs (EOEA). This office has the primary responsibility for enforcing the state's care standards and inspecting facilities for compliance with legal requirements and training and care standards. Families researching memory care can read inspection reports from the office, which makes inspection results public.

• Malden has a generally high cost of living, especially when compared with the national average. On a scale where national costs are set to 100, Malden's average is 38% higher. Much of this is due to the local housing prices, however, which is less of a concern for seniors living full-time in dementia care communities.
• Health care costs in Malden are around 17% lower than the national rates. There are 371 registered physicians in Malden for every 100,000 people. The equivalent national rate is just 210 doctors per 100,000 people.
• Seniors in Malden have access to world-class health care at several facilities in nearby Boston, such as CHA Everett Hospital. Many local hospitals and medical centers offer comprehensive 24-hour emergency care and dedicated senior services, and many accept Medicare for payment.
• Malden has a relatively low crime rate, especially for a community located so close to a major urban area. On a scale where the national rate for violent crime is 22.7, Malden is a 20.3, while local property crime rates are 23.9, versus the national rate of 35.4.
• The Malden area is part of the greater Boston metro region, and it shares the city's climate. Like most of Massachusetts, winters here can be cold, with around 48 inches of snow on the ground every year. Sunshine totals are close to the national average, however, with 198 sunny days a year, compared with 205 nationwide. Summers in Malden are very mild, with few outright hot days and several weeks of breezy sunshine. 
• Massachusetts does not impose a tax on seniors' Social Security income. Other types of retirement income may be taxed, though a number of senior-specific exemptions and deductions are available. The estate tax in Massachusetts, for example, comes with an exemption on the first $1 million. These factors help to make Massachusetts a moderately tax-friendly state for seniors who depend on a pension to make ends meet.